Rashtra NewsRashtra News
  • National
  • Business
  • Education
  • Entertainment
  • Finance
  • Insurance
  • Jobs
  • Sports
  • Stock Market
  • Technology
Notification Show More
Font ResizerAa
Rashtra NewsRashtra News
Font ResizerAa
  • National
  • Rashtra News Hindi
Search
  • National
  • Business
  • Education
  • Entertainment
  • Finance
  • Insurance
  • Jobs
  • Sports
  • Stock Market
  • Technology
Follow US
Rashtra News > Latest News > Business > Reports related to LIC IPO claiming massive Covid deaths in 2021 speculative: Govt
Business

Reports related to LIC IPO claiming massive Covid deaths in 2021 speculative: Govt

News Reporter
Last updated: February 19, 2022 8:55 am
News Reporter
Share
5 Min Read
Reports related to LIC IPO claiming massive Covid deaths in 2021 speculative: Govt
SHARE

Reports related to LIC IPO claiming massive Covid deaths in 2021 speculative: Govt : Rashtra News

#Reports #related #LIC #IPO #claiming #massive #Covid #deaths #speculative #Govt

The government Saturday dismissed as “speculative” media reports related to LIC IPO data claiming that Covid-related deaths in 2021 could be much higher than those recorded officially.

The country endured the devastating second wave of the pandemic during 2021 April and May.

The Union Health Ministry said on Saturday that India has a very transparent and efficient system of reporting COVID-19 deaths, right from the gram panchayat level to the district and the state level.

The process of reporting deaths is monitored and carried out transparently, it said in a statement.

It said that the media report related to IPOs proposed to be issued by the LIC has mentioned the details of policies and claims settled by the insurer to make a “speculative and biased” interpretation that Covid-related mortalities could be more than those recorded officially.

“It is clarified that these reports are speculative and baseless,” it said.

While claims settled by LIC relate to life insurance policies taken by policy holders for deaths due to all causes, the news reports conclude that this would imply Covid deaths were underreported, the statement said.

“A flawed interpretation like this is not based on facts and highlights the bias of the author.”

It also reveals a lack of understanding of how Covid deaths in India have been collated and published daily in public domain since the beginning of pandemic, it stated.

The government has adopted a globally recognised categorisation to classify Covid deaths with the sole objective of reporting deaths in a transparent manner, it said.

In the model so adopted, the compilation of the total deaths is undertaken by the Centre based on the independent reporting by the states, the statement said.

Furthermore, the government has time and again exhorted states to periodically update their mortality figures as this exercise would accentuate the efforts of public health response to COVID-19 by giving a true picture of the pandemic, it said.

In addition to this, it must be noted that there is an added incentive in India to report COVID-19 deaths as it entitles one to monetary compensation which further makes the likelihood of underreporting scarce, the statement said.

Therefore, jumping on any conclusion regarding underreporting of deaths is tantamount to mere speculation and conjecturing, it added.

“Thus, it is highlighted that quoting issues as sensitive as death during a global public health crisis like pandemic Covid -19 should be dealt with utmost sensitivity and authenticity,” the statement said.

India has a robust Civil Registration System (CRS) and Sample Registration System (SRS) which was in place even before the COVID-19 pandemic and covers all states and union territories, the government said.

It is also highlighted that the registration of deaths in the country has a legal backing, it said, adding the registration is done under the Registration of Births and Deaths Act (RBD Act, 1969) by functionaries appointed by state governments.

Thus, data generated through CRS has utmost credibility and should be used rather than depending on unauthenticated data, the statement said.

Latest Sports News | Latest Business News

( News Source :Except for the headline, this story has not been edited by Rashtra News staff and is published from a economictimes.indiatimes.com feed.)

Related searches :

  • top business news today
  • business news hindi
  • world business news
  • business news economic times
  • business news share market
  • business news live
  • business news india live
  • zee business news

Related

TAGGED: Claiming, Covid, Covid deaths, deaths, govt, Health Ministry, IPO, LIC, LIC IPO, massive, pandemic, related, reports, speculative
Share This Article
Facebook Twitter Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Surprise0
Joy0
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

You Might Also Like

DSL Express Packers and Movers: Leading the Way in Safe and Affordable Relocation Services in Pune and Mumbai
Business

DSL Express Packers and Movers: Leading the Way in Safe and Affordable Relocation Services in Pune and Mumbai

1 month ago
Why Should You Hire Packers And Movers?
Business

Why Should You Hire Packers And Movers?

2 months ago
What Should You Know Before Hiring Packers & Movers?
Business

What Should You Know Before Hiring Packers & Movers?

2 months ago
DSL Packers and Movers in Pune: Setting a New Benchmark in Safe and Affordable Relocation
Business

DSL Packers and Movers in Pune: Setting a New Benchmark in Safe and Affordable Relocation

2 months ago

About RashtraNews.com

We're your comprehensive news source, covering a wide range of topics to empower you in all aspects of life. From navigating the world of finance (market trends, personal tips, loans, mortgages, credit) and legal matters (attorneys, lawyers), to staying ahead of the curve in technology (advancements, automobiles, business news) and education (careers, job opportunities, classes), RashtraNews.com keeps you informed.

Latest Updates

  • What Should You Know Before Hiring PUNE Packers & Movers?
  • DSL Express Packers and Movers: Leading the Way in Safe and Affordable Relocation Services in Pune and Mumbai
  • Why Should You Hire Packers And Movers?
  • What Should You Know Before Hiring Packers & Movers?
  • DSL Packers and Movers in Pune: Setting a New Benchmark in Safe and Affordable Relocation
  • A Comprehensive Guide to Transportation, Logistics, and Relocation Services Across Cities
  • Global Markets in Turmoil Amid Rising Inflation and Escalating Trade Tensions

Helpful Link

  • Automobile77
  • Business4,347
  • Crime129
  • Education4,542
  • Entertainment58
  • Finance5
  • India9,623
  • Insurance3
  • Legal News6
  • Lifestyle21
  • Media News79
  • Medical Education1
  • Politics4,340
  • Press Release5,319
  • Software100
  • Sports3,095
  • Stock Market2
  • Technology3,180
  • Top Stories7
  • World2,907

Contact Us

To send your suggestions to "Rashtra News", email: [email protected]

To send articles, news, or your opinions: [email protected]
For Business and other enquiries: [email protected]

If you‘ find any violation of the editorial code of conduct or have any other complaint about the content or video content published on "Rashtra News"’, you can send your complaint to our Grievance Officer by clicking on the Grievance Redressal link.

Follow US
©2011-2024 rashtranews.com
  • About Rashtra News
  • Ownership & funding
  • Corrections Policy
  • Fact Checking Policy
  • Privacy Policy
  • Terms of Use
  • Subscribe Now
  • Become a Author
  • Partnership With Us
Go to mobile version
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?